#ZEC Market Analysis
ZEC just tagged 946.11 on the daily, closing in on the 1,000 mark after a massive run that's cleared every level since the July trendline breakout near 445.00.
Bull case: clear 1,000 and confirm the round number breakout, opening a path toward fresh territory well above.
Bear case: reject here and pull back toward the trendline near 505.00, digesting the move.
First trip through 1,000, or does it get rejected right here?
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Bitcoin Bullets® Trading
ZEC just tagged 946.11 on the daily, closing in on the 1,000 mark after a massive run that's cleared every level since the July trendline breakout near 445.00.
Bull case: clear 1,000 and confirm the round number breakout, opening a path toward fresh territory well above.
Bear case: reject here and pull back toward the trendline near 505.00, digesting the move.
First trip through 1,000, or does it get rejected right here?
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Bitcoin Bullets® Trading
#ETH Market Analysis
ETH is at 2,454.79 on the 8h, pressing right into the descending trendline from the April highs after a massive breakout run off the ascending trendline from late June.
Bull case: clear 2,480 and break the year long resistance trendline, opening a path toward fresh highs.
Bear case: reject here and fade back toward the rising trendline near 1,940.
Major trendline finally breaks, or another rejection at resistance?
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Bitcoin Bullets® Trading
ETH is at 2,454.79 on the 8h, pressing right into the descending trendline from the April highs after a massive breakout run off the ascending trendline from late June.
Bull case: clear 2,480 and break the year long resistance trendline, opening a path toward fresh highs.
Bear case: reject here and fade back toward the rising trendline near 1,940.
Major trendline finally breaks, or another rejection at resistance?
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Bitcoin Bullets® Trading
#XRP Market Analysis
XRP is at 1.4003 on the daily, cooling off after exploding from the year long wedge lows near 1.0100, still holding well above the breakout zone as the wedge apex is fully cleared.
Bull case: hold above 1.3600 and resume the push toward 1.4500 and a retest of 1.5000.
Bear case: lose 1.3200, pulling price back down into the wedge breakout zone near 1.2400.
Fresh uptrend building, or does the pullback deepen from here?
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Bitcoin Bullets® Trading
XRP is at 1.4003 on the daily, cooling off after exploding from the year long wedge lows near 1.0100, still holding well above the breakout zone as the wedge apex is fully cleared.
Bull case: hold above 1.3600 and resume the push toward 1.4500 and a retest of 1.5000.
Bear case: lose 1.3200, pulling price back down into the wedge breakout zone near 1.2400.
Fresh uptrend building, or does the pullback deepen from here?
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Bitcoin Bullets® Trading
#UNI Market Analysis
UNI just exploded to 7.146 on the 8h, breaking cleanly out of the demand zone near 3.400 and clearing the entire structure since June in one powerful run.
Bull case: hold above 6.500 and continue the push toward fresh highs beyond 7.146.
Bear case: fade back below 6.100, pulling price back toward the breakout zone near 4.500.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
UNI just exploded to 7.146 on the 8h, breaking cleanly out of the demand zone near 3.400 and clearing the entire structure since June in one powerful run.
Bull case: hold above 6.500 and continue the push toward fresh highs beyond 7.146.
Bear case: fade back below 6.100, pulling price back toward the breakout zone near 4.500.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#ARB Market Analysis
ARB just exploded to 0.1895 on the 4h, breaking cleanly out of the demand zone near 0.0870 and clearing the 0.1040 resistance on the way to a massive continuation move.
Bull case: hold above 0.1800 and continue the push toward fresh highs beyond 0.1895.
Bear case: fade back below 0.1700, pulling price back toward the breakout zone near 0.1300.
Explosive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
ARB just exploded to 0.1895 on the 4h, breaking cleanly out of the demand zone near 0.0870 and clearing the 0.1040 resistance on the way to a massive continuation move.
Bull case: hold above 0.1800 and continue the push toward fresh highs beyond 0.1895.
Bear case: fade back below 0.1700, pulling price back toward the breakout zone near 0.1300.
Explosive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#AAVE Market Analysis
AAVE is at 133.49 on the 8h, consolidating just under the 140.00 highs after a massive breakout run off the ascending trendline from June, still riding well above the trendline near 98.50.
Bull case: hold above 130.00 and resume the push toward fresh highs above 140.00.
Bear case: lose 122.00 and correct back toward the trendline near 98.50.
Consolidation before the next leg up, or is this the top of the move?
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Bitcoin Bullets® Trading
AAVE is at 133.49 on the 8h, consolidating just under the 140.00 highs after a massive breakout run off the ascending trendline from June, still riding well above the trendline near 98.50.
Bull case: hold above 130.00 and resume the push toward fresh highs above 140.00.
Bear case: lose 122.00 and correct back toward the trendline near 98.50.
Consolidation before the next leg up, or is this the top of the move?
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Bitcoin Bullets® Trading
#NEAR Market Analysis
NEAR is at 2.405 on the 6h, pulling back from the 2.450 highs after a massive breakout run off the ascending trendline from mid August, still holding well above the trendline near 2.000.
Bull case: hold above 2.250 and resume the push toward fresh highs above 2.450.
Bear case: lose 2.150 and correct back toward the trendline near 1.950.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
NEAR is at 2.405 on the 6h, pulling back from the 2.450 highs after a massive breakout run off the ascending trendline from mid August, still holding well above the trendline near 2.000.
Bull case: hold above 2.250 and resume the push toward fresh highs above 2.450.
Bear case: lose 2.150 and correct back toward the trendline near 1.950.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
#ENA Market Analysis
ENA is at 0.1664 on the daily, cooling off after a sharp breakout from the demand zone near 0.0940, still climbing along the year long ascending trendline from February.
Bull case: hold above 0.1550 and resume the push toward the trendline near 0.1850.
Bear case: lose 0.1450, pulling price back toward the breakout zone near 0.1350.
Trend continues toward the long term trendline, or does this pull back first?
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Bitcoin Bullets® Trading
ENA is at 0.1664 on the daily, cooling off after a sharp breakout from the demand zone near 0.0940, still climbing along the year long ascending trendline from February.
Bull case: hold above 0.1550 and resume the push toward the trendline near 0.1850.
Bear case: lose 0.1450, pulling price back toward the breakout zone near 0.1350.
Trend continues toward the long term trendline, or does this pull back first?
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Bitcoin Bullets® Trading
#WLD Market Analysis
WLD just ripped to 0.4810 on the 4h, tearing through the demand zone near 0.3300 and clearing the entire August range in one powerful continuation move.
Bull case: hold above 0.4600 and continue the push toward fresh highs beyond 0.4810.
Bear case: fade back below 0.4400, pulling price back toward the breakout zone near 0.4000.
Massive breakout holds, or is this move overextended?
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Bitcoin Bullets® Trading
WLD just ripped to 0.4810 on the 4h, tearing through the demand zone near 0.3300 and clearing the entire August range in one powerful continuation move.
Bull case: hold above 0.4600 and continue the push toward fresh highs beyond 0.4810.
Bear case: fade back below 0.4400, pulling price back toward the breakout zone near 0.4000.
Massive breakout holds, or is this move overextended?
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Bitcoin Bullets® Trading
#DOT Market Analysis
DOT just ripped to 1.231 on the 4h, breaking cleanly out of the demand zone near 0.810 and clearing the entire August range in a powerful continuation move.
Bull case: hold above 1.160 and continue the push toward fresh highs beyond 1.231.
Bear case: fade back below 1.080, pulling price back toward the breakout zone near 0.960.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
DOT just ripped to 1.231 on the 4h, breaking cleanly out of the demand zone near 0.810 and clearing the entire August range in a powerful continuation move.
Bull case: hold above 1.160 and continue the push toward fresh highs beyond 1.231.
Bear case: fade back below 1.080, pulling price back toward the breakout zone near 0.960.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#POL Market Analysis
POL is at 0.09530 on the 4h, easing back down to test the ascending trendline from mid August, right after tagging 0.09800 earlier this week.
Bull case: hold the trendline and reclaim 0.09800, opening a path back toward 0.10600.
Bear case: lose the trendline near 0.09400, exposing a slide toward 0.08700.
Trendline holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
POL is at 0.09530 on the 4h, easing back down to test the ascending trendline from mid August, right after tagging 0.09800 earlier this week.
Bull case: hold the trendline and reclaim 0.09800, opening a path back toward 0.10600.
Bear case: lose the trendline near 0.09400, exposing a slide toward 0.08700.
Trendline holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
#ATOM Market Analysis
ATOM is at 1.873 on the 8h, ripping higher off the ascending trendline from the early August lows, now pressing right into the June resistance zone near 2.000.
Bull case: clear 2.000 and break the multi month resistance, opening a path toward fresh highs.
Bear case: reject here and fade back toward the trendline near 1.540.
Multi month resistance finally breaks, or another rejection here?
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Bitcoin Bullets® Trading
ATOM is at 1.873 on the 8h, ripping higher off the ascending trendline from the early August lows, now pressing right into the June resistance zone near 2.000.
Bull case: clear 2.000 and break the multi month resistance, opening a path toward fresh highs.
Bear case: reject here and fade back toward the trendline near 1.540.
Multi month resistance finally breaks, or another rejection here?
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Bitcoin Bullets® Trading
#ETC Market Analysis
ETC is at 7.93 on the 4h, pulling back from the 8.90 highs after a strong run, still holding well above the demand zone near 7.00 and the ascending trendline from mid August.
Bull case: hold above 7.60 and resume the push back toward 8.40 and 8.90.
Bear case: lose the trendline near 7.30, exposing a slide back into the demand zone near 7.00.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
ETC is at 7.93 on the 4h, pulling back from the 8.90 highs after a strong run, still holding well above the demand zone near 7.00 and the ascending trendline from mid August.
Bull case: hold above 7.60 and resume the push back toward 8.40 and 8.90.
Bear case: lose the trendline near 7.30, exposing a slide back into the demand zone near 7.00.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
#SOL Market Analysis
SOL is at 100.06 on the 8h, pulling back from the recent highs and settling right at the 100.00 level, still riding within the multi month ascending channel from June.
Bull case: hold above 98.00 and resume the push back toward the descending trendline near 104.00.
Bear case: lose 98.00 and slide back toward the channel support near 80.00.
Consolidating at round number support, or does the pullback deepen?
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Bitcoin Bullets® Trading
SOL is at 100.06 on the 8h, pulling back from the recent highs and settling right at the 100.00 level, still riding within the multi month ascending channel from June.
Bull case: hold above 98.00 and resume the push back toward the descending trendline near 104.00.
Bear case: lose 98.00 and slide back toward the channel support near 80.00.
Consolidating at round number support, or does the pullback deepen?
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Bitcoin Bullets® Trading